benefits

Maximum Weeks of State Unemployment Insurance Benefits Available

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Great graphic from the CBPP on unemployment insurance benefit duration (in weeks) by state. Unemployment insurance (UI) benefits are state administered and generally most workers are eligible for up to 26 weeks. Two states that provide more than this – Montana (28 weeks) and Massachusetts (30 weeks). However there are 8 states that provide fewer […]

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2016 and 2017 Maximum Weekly Unemployment Benefits By State

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Listed below are the latest maximum weekly unemployment insurance benefit/compensation amounts by state. The Unemployment compensation (UC) program is designed to provide benefits to most individuals out of work or in between jobs, through no fault of their own. Note, the table below contains the the maximum weekly unemployment insurance compensation (benefit) including adjustments for dependents where […]

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2013 Unemployment Benefits Extension Approved

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[2013 Unemployment Benefits Extension – January 2013 update] Congress and the Obama administration have reached an agreement that will extend federal unemployment insurance benefits (Emergency Unemployment Compensation) into 2013 following the latest round of fiscal cliff negotiations. This means newly unemployed and those with time left on their unemployment benefits will continue to receive aid in 2013. However […]

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COLA Increase Provides a Raise for Social Security Income and Benefits to Federal and Military Retirees

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[2014 COLA Increase Update]  The Congressional Budget Office has forecast a 1.5% COLA raise based on preliminary data. This is 0.2% less than the 2013 increase discussed below. For more see this article on the 2014 COLA increase. _______ [2013 COLA Increase] It’s official, the 2013 COLA rate will be 1.7%. The Social Security administration […]

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2016 – 2017 Food Stamp (SNAP) Income Eligibility Levels, Deductions and Benefit Allotment Payments

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2017 Update – The Center on Budget and Policy Priorities (CBPP) has reported that the SNAP program funding is likely to see significant cuts if the the House Budget Committee-approved budget plan is passed. More than $150 billion is proposed to be cut from the program (over 20 percent) over the next ten years (2017-2026). […]

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2012 Social Security and Medicare: Tax Rate and Maximum Taxable Earnings

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Most people who work or are self-employed are subject to Social Security taxes. This is true, regardless of age. Employers are also subject to Social Security taxes for their employees. If you are self-employed, and your business’ net profit is greater than $400, you must also pay Social Security (and Medicare) taxes. Self employed workers have […]

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2012 COLA (Cost-of-Living Adjustment) 3.6% Increase for Social Security, SSI, Federal Retirees and Medicare Premiums

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[Updated October 19 – Official 2012 COLA Increase is 3.6%] The Social Security Administration (SSA) announced that the Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase by 3.6 percent in 2012. The 2012 COLA increase would be the first in two years, reflecting a rise in […]

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Obama’s 2012 Job Creation Stimulus and Tax Cuts – Can the New Economic Plan Really Boost The Economy and Lower Unemployment?

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[Update – American Jobs Act a.k.a 2012 Economic Stimulus] In what is essentially the 2012 stimulus package, President Obama has released details on the American Jobs Act which involves spending over $400 billion dollars to boost economic growth. The key provisions are: – Extension of employee payroll tax cuts into 2012, which were due to […]

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How Much A Debt Deal Will Cost You With Higher Taxes, Fewer Deductions, Lower Benefits and Working Longer

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[Update as of July 23rd] It’s time to pay for the American dream. In various discussions around how to cut the national debt, so that we don’t have to keep raising the debt ceiling, one theme that is common in most plans is that Americans now and for generations to come are going to feel […]

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